New Mastercard Credit Card with LCD Screen, Touch Keypad
Mastercard has launched their next generation interactive credit card with LCD screen and touch keypad. Mastercard has launched (external site) the credit card in collaboration with Standard Chartered Bank Singapore and claims to be Singapore’s first interactive payment card, or security token card, that features the next generation MasterCard’s Display Card technology.
Mastercard Display Card
How many times have you been asked for the One Time Password (OTP) when using online banking and online payment portals? Usually an OTP is the six digit security code sent to your mobile phone by your bank or credit card company,which you can type online to confirm and process your online payment.
The new interactive Mastercard DisplayCards allows users to generate and display the One Time Password in the LCD display instantly. Thus, the token generated by these “Authentication Cards” can be used to authenticate online transactions securely. They claim that in future the card could display more information like credit balance, reward points etc.
The MasterCard Display Card is manufactured by NagraID Security and functions like a normal credit, debit or ATM card in every other way.
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Standard Chartered Bank Singapore bank has stared great thing. I am impressed going to grab this one soon. Thanks for sharing with us.
This is quite an interesting one step level-up of system dealing with credit card. I just hope there is no other exchange conditions if this kind of system will be implemented.